Use the Following Information and the Indirect Method to Calculate

question 113

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities: $$\begin{array} { | l | r | } \hline \text { Net income } & \$ 85,300 \\\hline \text { Depreciation expense } & 12,000 \\\hline\\\hline \text { Gain on sale of land } & 7,500 \\\hline \text { Increase in merchandise inventory } & 2,050 \\\hline \text { Increase in accounts payable } & 6,150 \\\hline\\\hline \end{array}$$

• A) $69,900.
• B) $108,900.
• C) $93,900.
• D) $85,700.
• E) $81,600.

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Definitions:

Important Tasks

Essential activities or assignments that need priority attention to achieve goals or objectives.

Work Streamlining

The process of making an operation or workflow more efficient by simplifying or eliminating unnecessary steps.

Duplication of Effort

The unnecessary repetition of work or tasks, often leading to wasted resources and time.

To-Do List

A list of tasks or activities that need to be completed, often organized in order of priority.